Div, I have some of the same concerns as Rcwso. Why is point 2 is Rcwso's chart not considered a swing high and also the 1.3555 area? Hope I am not boring you with the repetitive questions.

Flag trading the trend

d4n, I have been on the wrong side of trades a couple of times when I have taken trades after 1700 GMT. Price tends to drift and go flat after 1700 GMT, at least the last couple of weeks it has. Better to stick to 1400-1700 GMT as Divergence ...

Flag trading the trend

Thanks — Thanks for the explanation. Yes, the real difficulty is in situations like the one shown in chart 2 and I guess the best thing to do is stay out as you suggested. Again, thanks.

Flag trading the trend

Hi Div, Two examples from today's London session, the second one is not in the time zone suggested by you but worked out fairly well. I hopefully did it right. Your comments would be appreciated. I still sometimes have difficulty qualifying the ...

Flag trading the trend

Thanks

Flag trading the trend

So if a pullback develops before wave 3 reaches 56 pips in the above case, you won't trade the continuation of that pullback?

Flag trading the trend

Got it.

Flag trading the trend

Thanks again. On the USD/CAD chart, just before the swing was taken out there were a pullback and a potential short, wouldn't you take that trade?

Flag trading the trend

Thanks — Hi Div, Thanks for your reply, really appreciate your feedback. I didn't understand which bar you are referring to when you mention that it shouldn't be more than 2 pips from SMA. Also, would like to know your opinion about timings ...

Flag trading the trend

Oh sorry, forgot to attach the charts in the previous post

Flag trading the trend

Div, Two examples from the London session. Any comments?

Flag trading the trend

Hi Div, Wouldn't the following be a valid trade (please refer to the arrows)? Thanks

Flag trading the trend

Thanks — Thanks for the explanation.

Flag trading the trend

Thanks — Divergence, I was not trading at that time. I was referring to post #69 where you have marked lower lows and lower highs and it seems that you did not consider the pullback mentioned in my previous post as a pullback. Hence posted the ...

Flag trading the trend

Hi Divergence, Slightly confused about the swings and pullbacks. In the attached chart, why is the part marked with the arrow not considered a pullback? Thanks for all the good info provided in this thread.

Flag trading the trend

Divergence, Got it. Thanks for the explanation.

Flag trading the trend

Hi Divergence, Nice thread this. When you talk about wave patterns, how would you qualify a swing. Sometimes there is a 15 pip swing and then a 1 bar pullback, then a continuation. Would such small swings be considered as a 123? Thanks

Flag trading the trend

I admire the fact that you keep posting your trades even though no one else seems to be participating. Keep going. Good day

The System III (Oh no!)

Sure, I will stick to the system. I am convinced there is no need to jump from this method to any other. Just need to practice it long enough.

Jacko's Forex House of Pleasure and Pain

system II — Thanks friend for the help and patience. I have read each and every post of FEB's on FF and I second your thoughts about FEB and his methods. Take care

Jacko's Forex House of Pleasure and Pain